Summary
- The Central Board of Direct Taxes (CBDT) has approved the National Institute of Advanced Studies, Bangalore as a scientific research institution under Section 45(3)(a)(i) of the Income-tax Act, 2025.
- This approval, granted through Notification No. 69 of 2026 dated May 30, 2026, is valid for tax years 2026-27 to 2030-31.
- The institute must comply with specific conditions, including filing annual statements and issuing donor certificates to qualify for tax benefits on donations.
- This recognition aims to enhance funding for scientific research and foster academic innovation in India.
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